Are There International R and d Spillovers among Randomly Matched Trade Partners?- a Response to Keller [electronic resource]
- Author:
- Coe, David T.
- Published:
- Washington : International Monetary Fund Feb. 1999
- Additional Creators:
- Hoffmaister, Alexander W.
- Access Online:
- serialssolutions.com
- Restrictions on Access:
- License restrictions may limit access.
- Summary:
- Annotation Keller (1998) reexamines Coe and Helpmans (1995) analysis of international RD spillovers focusing on the weights used to define the foreign RD capital stock. Keller creates random weights and shows that they give rise to positive estimates of international RD spillovers, casting doubts on the robustness of Coe and Helpmans findings. We show that Kellers random weights are essentially simple averages with a random error. We derive alternative random weights and present regressions showing that when they are used to define the foreign RD capital stock, the estimated international RD spillover estimates are nonexistent, as would be expected.
- Genre(s):
- ISBN:
- 9781451843620
1451843623 (Trade Paper)
View MARC record | catkey: 31825884